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kotykmax [81]
2 years ago
13

Perfect Fit Company sells men's shirts and jeans. The average selling price and variable cost for each product follow: Selling p

rice per shirt $22 Selling price per jean $27 Variable cost per shirt $14 Variable cost per jean $19 Fixed costs $3,200 Calculate the breakeven point in units assuming the sales mix is 1:1.
Business
1 answer:
alukav5142 [94]2 years ago
5 0

Answer:

Jeans= 200 units

Shirt= 200 units

Explanation:

<u>To calculate the break-even point in units, we need to use the following formula:</u>

<u></u>

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (22*0.5 + 27*0.5) - (14*0.5 + 19*0.5)

Weighted average contribution margin= 8

Break-even point (units)= 3,200/8

Break-even point (units)= 400 units

Jeans= 0.5*400= 200 units

Shirt= 0.5*400= 200 units

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A company receives $290, of which $15 is for sales tax. The journal entry to record the sale would include a
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5 0
2 years ago
A petty cash fund was established with a $350 balance. It currently has cash of $41 and petty cash tickets totaling $309. Which
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Sweet manufacturing is planning to sell 400,000 hammers for $6 per unit. the contribution margin ratio is 20%. if sweet will bre
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At the break-even point, the total sales and the total cost is said to be equal. Therefore, there is no profit or loss. We set up the equation as follows:

Profit/Loss = (Unit Contribution Margin) (Units) - (Fixed Costs) = 0

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<span>Therefore, the total fixed costs would </span>$120,000.<span>
</span>
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2 years ago
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